Uber Technologies Inc on Wednesday reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery business turned profitable for the first time. The company’s first-quarter outlook fell short of Wall Street expectations as the Omicron coronavirus variant dampens travel, but Uber Chief Executive Dara Khosrowshahi said business had started… Continue reading Uber posts quarterly profit on strong delivery, recovering ride demand
Tag: Lyft
Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Today after the bell, Uber reported its fourth-quarter financial performance. The company saw $25.9 billion in gross platform spend, up 51% compared to its year-ago result, and revenues of $5.78 billion, up 83% compare to Q4 2020. The company also reported GAAP net income of $0.44 per share, though that number did include non-operating items… Continue reading Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Lyft’s revenue growth masks active riders slippage
U.S. ride-hailing company Lyft dropped its fourth-quarter financial results Tuesday, a report that showed a mixed bag of growth — that in the area of active riders failed to meet analysts’ expectations. The public company had Q4 2021 revenues of $969.9 million, up around 70% from its year-ago quarter that was hit hard by the… Continue reading Lyft’s revenue growth masks active riders slippage
Uber’s app will beep until you buckle your seatbelt
Uber has no qualms about annoying its customers to pressure them to do something. The latest example is a new feature that will emit a series of chimes until passengers buckle their seatbelts. Previously, Uber drivers would rely on signage to encourage passengers to secure their seatbelts. (Google “Uber seatbelt sign,” and you’ll see plenty… Continue reading Uber’s app will beep until you buckle your seatbelt
The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla
So long, Self-Driving Coalition for Safer Streets; hello, Autonomous Vehicle Industry Association! The AV industry’s top lobbying group in Washington, DC is rebranding, dropping the reference to “self-driving” in exchange for a more straightforward moniker. The group, which was founded in 2016 by Waymo, Ford, Lyft, Uber, and Volvo, lobbies lawmakers to pass legislation favorable… Continue reading The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla
The Station: How ADAS is failing drivers, Luminar’s lidar and data deal, GM expands its hydrogen fuel cell plans
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Amid… Continue reading The Station: How ADAS is failing drivers, Luminar’s lidar and data deal, GM expands its hydrogen fuel cell plans
The Station: Cali regulators eye Tesla FSD, Turo files to go public, Local Motors shuts down
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. I’ll… Continue reading The Station: Cali regulators eye Tesla FSD, Turo files to go public, Local Motors shuts down
Future autonomous Waymo EV will be custom built for ride-hailing with no steering wheel
Waymo One is Alphabet’s Lyft/Uber competitor that’s live in Phoenix and currently undergoing testing in San Francisco. Waymo today announced a future EV for its US ride-hailing service that will be “rider-first” and have no steering wheel. Waymo today announced an OEM collaboration with Geely, a Chinese automotive company that has several subsidiary brands like… Continue reading Future autonomous Waymo EV will be custom built for ride-hailing with no steering wheel
Micromobility in 2022: Refined, mature and packed full of tech
2021 was the year micromobility as a concept, a solution and a way of life really started to settle in. Increased shared micromobility and COVID-ridden public transit helped make small electric vehicles mainstream enough for people to wrap their heads around purchasing their own. Consequently, 2021 was the year of the e-bike, with a growth… Continue reading Micromobility in 2022: Refined, mature and packed full of tech
The Global Ridesharing Market Was Valued at 21.42 Billion in 2020 and is Expected to Reach USD 61.24 Billion by 2026, Registering a CAGR of 17.32%
DUBLIN, Dec. 23, 2021 /PRNewswire/ — The “Global Ridesharing Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering. The global ridesharing market was valued at 21.42 billion in 2020 and is expected to reach USD 61.24 billion by 2026, registering a CAGR of 17.32% during the… Continue reading The Global Ridesharing Market Was Valued at 21.42 Billion in 2020 and is Expected to Reach USD 61.24 Billion by 2026, Registering a CAGR of 17.32%